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Stock analysis Mmp Industries Limited MMP

More indepth analysis on MunafaSutra.com

Moving Averages for Mmp Industries Limited

  • 5Day Average: 283.22
  • 12Day Average: 286
  • 20Day Average: 276.94
  • 50Day Average: 269.2
  • 100Day Average: 241.6
  • 150Day Average: 226.05
  • 200Day Average: 201.72

MMP Indicators & signals

Indicator MACD (12,26,9)

282.27, 274.92, 6.42
Indicator MACD is in positive zone

Indicator ADX (14)

11.27, 24.38, 19.44
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 65
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MMP Mmp Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 296.85 294.15 to 305.20 0.64% 0.66 times
22 Mon Apr 2024 294.95 270.85 to 296.00 8.94% 0.87 times
19 Fri Apr 2024 270.75 266.00 to 283.55 -1.76% 2.49 times
18 Thu Apr 2024 275.60 273.50 to 284.80 -0.85% 1.9 times
16 Tue Apr 2024 277.95 275.95 to 289.85 -3.12% 0.53 times
15 Mon Apr 2024 286.90 263.10 to 289.95 3.09% 0.89 times
12 Fri Apr 2024 278.30 275.80 to 291.10 -1.92% 0.42 times
10 Wed Apr 2024 283.75 280.25 to 290.00 -0.68% 0.34 times
09 Tue Apr 2024 285.70 284.95 to 290.90 0.51% 0.35 times
08 Mon Apr 2024 284.25 276.00 to 299.90 -4.44% 1.04 times
05 Fri Apr 2024 297.45 294.00 to 309.90 -0.7% 1.17 times
04 Thu Apr 2024 299.55 279.05 to 307.45 7.79% 1.9 times

Technical analysis forecast of Mmp Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Mmp Industries Limited MMP at this time. Stock is rising and might rise more.

It appears as if Mmp Industries Limited MMP gave a large move recently.

Stock of Mmp Industries Limited (MMP) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Mmp Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Mmp Industries Limited stays above 291.6, but if it comes below 291.6, then a intra day sell could be more profitable.
If you take a sell trade below 291.6, then use 291.6 as stoploss and 277.71 as target. However if you take a buy trade in Mmp Industries Limited, then use 291.6 as stoploss and 308.3 as target.

More indepth analysis on MunafaSutra.com